Tag: Citigroup
JP Morgan and Wells Fargo post higher earnings
JP Morgan headquarters in New York The US bank published its figures for the first quarter of 2023 on Friday. (Photo: Bloomberg) New York, Berlin The major US banks JP…
Good economic data strengthen the index
Frankfurt The Dax started Friday trading with slight gains, driven by the latest US economic data and positive indications from the Asian markets. With almost 15,800 points, the leading German…
New economic data supports Wall Street – Harley-Davidson stock slips
new York Fresh US economic data brightened sentiment on Wall Street on Thursday. The big tech values in particular increased. The Dow Jones gained 1.1 percent to 34,030 points. The…
Dax is taking a breather – consolidation is imminent in the short term
Dusseldorf After the new annual high with subsequent profit-taking, the German stock market is taking a breather. At the close of trading on Thursday, the leading index Dax was up…
The global climate alliance is crumbling
Small banks specializing in sustainability give the alliance a choice: either it changes its guidelines, or they could leave. They no longer agree with the course of the climate initiative,…
US stock exchanges close slightly in the black – job data have no subsequent effects
new York Investors on Wall Street started the new trading week cautiously. The leading indices Dow Jones and S&P 500 closed on Easter Monday little changed at 33,586 (plus 0.3…
The Dax and the psychology of missed opportunities
Psychology of missed opportunities The fear of missing something probably contributed to the fact that the German share index (Dax) reached a new high for the year this week with…
America’s savers are pumping billions into money market funds
Mirrored facade at Summit One Vanderbilt Observation Deck in Manhattan Not only the big banks from New York are moving into focus due to the crisis of confidence in the…
Citi separates from investment bank boss Peter Kimpel
city Citi has strengthened its investment banking activities across Europe with big names in recent months. (Photo: Bloomberg) Frankfurt The previous Citi investment banking boss in Germany, Peter Kimpel, left…
Interest rate worries are dampening – US indices are up
new York US stock markets rose on Friday as fears of inflation eased. The Dow Jones gained 1.3 percent to 33,274 points. The Nasdaq was up 1.7 percent to 12,221…
Losses at US Bank Jefferies hint at a tough first quarter on Wall Street
US bank Jefferies Financial Group in New York The institute’s net income fell 59 percent year-on-year to $133.6 million. Jefferies stock is down about 8 percent so far in 2023.…
Wall Street closes slightly lower after recent recovery
new York A day after the takeover of the shattered Silicon Valley Bank (SVB), Wall Street has lost its feathers again. The Dow Jones index of standard values closed 0.1…
Bank stocks help Wall Street recover – SVB buyers First Citizens gain 54 percent
new York US bank First Citizens BancShares’ takeover of deposits and loans from the ailing Silicon Valley Bank (SVB) has eased fears of more bank failures on Wall Street. The…
Betting against Deutsche Bank
Deutsche Bank logo Price losses at the largest German bank have fueled fears of the banking crisis spreading. (Photo: AP) Frankfurt/New York Those were dramatic hours. Last Friday, the prices…
US analysts strengthen Deutsche Bank – mood on Wall Street calms down
New York, Dusseldorf The turbulent week on Wall Street ended on a surprisingly positive note. The Dow Jones index of blue chips closed up 0.4 percent and the broader S&P…
Dax stabilizes and closes slightly in the red
Dusseldorf The German stock market was able to stabilize again after a sell-off on Friday evening and closed 1.7 percent down at 14.957 points. During the day, the leading index…
Share falls in double digits – Scholz calms down
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The forced merger of the struggling major Swiss bank Credit Suisse…
Share falls in double digits – Scholz calms down
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The forced merger of the struggling major Swiss bank Credit Suisse…
Deutsche Bank stock plummets in double digits
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The forced merger of the struggling major Swiss bank Credit Suisse…
Dax closes unchanged – Fed and market expectations diverge
Dusseldorf The German stock market coped well with the recent interest rate decision in the USA. The leading index Dax closed almost unchanged from the previous day at 15,210 points.…